News ID: 316801
Published: 0216 GMT October 02, 2021

IME weekly trade nears $563m

IME weekly trade nears $563m

The Iran Mercantile Exchange (IME) announced that 1.8 million tons of commodities, valued at about $563 million, were traded in its domestic trading and export halls in the week ending October 1.

A total of 1.51 million tons of various products, worth over $364 million, were traded on IMEs domestic and export metal and mineral trading hall, ime.co.ir reported on Saturday.

Among the traded products were 449,356 tons of steel, 80,000 tons of aluminum ingots, 15 tons of precious metals concentrate, 955,370 tons of cement, 1kg of gold bars and 17,410 tons of zinc.

In addition, 360,171 tons of various commodities, valued at about $194 million, were traded on IMEs domestic and export oil and petrochemical trading halls.

Other traded items were 93,558 tons of bitumen, 84,736 tons of polymer products, 34,000 tons of chemical products, 2,859 tons of base oil and 800 tons of sulfur.

The IME was set up in 2007 in accordance with Article 95 of the Law of the Securities Market of the Islamic Republic of Iran following the merger of agricultural and metal stock exchanges of Tehran.

It currently offers various services, including serving as the first market providing access to the initial offering of the listed commodities in the IME, price discovery and price-making for Irans over-the-counter (OTC) trade, secondary markets and end-users and providing a venue for government sales and purchases as well as a trading platform.


 

 

   
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